Federal Bank has successfully completed its mandatory verification process for security dematerialization for the quarter ended March 31, 2026. The bank’s registrar has confirmed that all requests received from depository participants have been processed, with the necessary mutilation and cancellation of physical certificates finalized within the 15-day stipulated period. This move ensures that all dematerialized securities are correctly reflected in the register of members and are active on the stock exchange.
Quarterly Dematerialization Compliance
Federal Bank has announced the successful conclusion of its share dematerialization verification process for the final quarter of the financial year, covering the period ending March 31, 2026. This process is a routine administrative procedure designed to maintain the integrity of equity records and ensure a smooth transition from physical certificates to electronic holdings.
Verification and Processing Standards
Under the supervision of its registrar and transfer agent, Integrated Registry Management Services Private Limited, all security certificates submitted for dematerialization underwent rigorous verification. The bank confirms that:
- All certificates received from depository participants were duly mutilated and cancelled to prevent further use.
- The electronic records were updated, and depositories were informed of the status of these requests.
- The entire process, from receipt of documentation to the update of the register of members, was completed within the required 15-day timeframe.
Stock Exchange Listing
Following the verification, the bank has verified that all securities processed during the quarter have been properly listed on the relevant stock exchanges. This ensures that investors have seamless liquidity and access to their holdings, reinforcing the bank’s commitment to maintaining accurate and compliant financial records for its shareholders.
Source: BSE
